Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,231

• 1e · Government grants (contributions)

  $602,863

• 1f · All other contributions, gifts and grants

  $2,946,545

• 2a · Program service revenue: TUITION AND FEES - UNDERGRAD

  total $28,831,346 · related or exempt $28,831,346

• 2b · Program service revenue: GRADUATE PROGRAM TUITION

  total $2,362,819 · related or exempt $2,362,819

• 2c · Program service revenue: DORMITORY AND APARTMENT RENTAL

  total $2,198,314 · related or exempt $2,198,314

• 2d · Program service revenue: BOARD PLAN REVENUE

  total $1,039,351 · related or exempt $1,039,351

• 2e · Program service revenue: EAA, CSA AND STAYER CENTER REVEN

  total $114,867 · unrelated business $114,867

• 2f · All other program service revenue

  total $23,102 · excluded $23,102

• 3 · Investment income

  total $310,181 · excluded $310,181

• 6a · Gross rents

  real property $14,581

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $14,581

• 6d · Net rental income or loss

  total $14,581 · excluded $14,581

• 7a · Gross sales of assets other than inventory

  securities $10,605,940

• 7b · Less cost or other basis and sales expenses

  securities $10,091,114 · other assets $982,784

• 7c · Gain or loss

  securities $514,826 · other assets -$982,784

• 7d · Net gain or loss

  total -$467,958 · excluded -$467,958

• 8a · Fundraising events: gross income

  $369,435

• 8a · Fundraising events: contributions included on line 1c

  $31,231

• 8b · Fundraising events: direct expenses

  $459,399

• 8c · Net income from fundraising events

  total -$89,964 · excluded -$89,964

• 11a · Other revenue: MISCELLANEOUS

  total $557,926 · related or exempt $536,702 · excluded $21,224

• 11b · Other revenue: SPECIAL EVENTS

  total $78,251 · related or exempt $2,219 · unrelated business $76,032

• 11e · Other revenue, total

  $636,177

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $14,890,425 · program services $14,890,425

• 5 · Compensation of officers, directors and key employees

  total $270,623 · program services $202,967 · management and general $67,656

• 7 · Other salaries and wages

  total $12,032,348 · program services $9,102,316 · management and general $2,930,032

• 8 · Pension plan contributions

  total $7,285 · program services $5,464 · management and general $1,821

• 9 · Other employee benefits

  total $822,083 · program services $731,293 · management and general $90,790

• 10 · Payroll taxes

  total $867,952 · program services $662,775 · management and general $205,177

• 11b · Fees: legal

  total $61,029 · management and general $61,029

• 11c · Fees: accounting

  total $79,099 · management and general $79,099

• 11f · Fees: investment management

  total $85,581 · management and general $85,581

• 11g · Fees: other

  total $1,591,602 · program services $684,186 · management and general $907,416

• 12 · Advertising and promotion

  total $655,640 · program services $95,536 · management and general $560,104

• 13 · Office expenses

  total $1,050,732 · program services $678,421 · management and general $372,311

• 14 · Information technology

  total $439,701 · program services $122,353 · management and general $317,348

• 16 · Occupancy

  total $1,382,007 · program services $533,043 · management and general $848,964

• 17 · Travel

  total $706,403 · program services $699,348 · management and general $7,055

• 19 · Conferences, conventions and meetings

  total $114,008 · program services $102,509 · management and general $11,499

• 20 · Interest

  total $3,926 · management and general $3,926

• 22 · Depreciation, depletion and amortization

  total $2,171,980 · program services $1,130,951 · management and general $1,041,029

• 23 · Insurance

  total $391,201 · program services $48,046 · management and general $343,155

• 24a · Other expenses: MEMBERSHIPS & SUBSCRIPT

  total $277,933 · program services $143,234 · management and general $134,699

• 24b · Other expenses: OTHER EXPENSE

  total $266,018 · program services $225,807 · management and general $40,211

• 24c · Other expenses: GRANT EXPENSE

  total $195,929 · program services $195,929

• 24d · Other expenses: BAD DEBT AND COLLECTION

  total $163,133 · management and general $163,133

• 24e · All other expenses

  total $296,095 · program services $267,046 · management and general $29,049

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,000 · end of year $498,669

• 2 · Savings and temporary cash investments

  beginning of year $3,871,957 · end of year $5,498,247

• 3 · Pledges and grants receivable

  end of year $91,594

• 4 · Accounts receivable

  beginning of year $825,030 · end of year $644,223

• 7 · Other notes and loans receivable

  beginning of year $1,739 · end of year $1,463

• 8 · Inventories for sale or use

  beginning of year $7,545 · end of year $7,735

• 9 · Prepaid expenses and deferred charges

  beginning of year $124,647 · end of year $198,815

• 10a · Land, buildings and equipment: cost or other basis

  $65,739,072

• 10b · Land, buildings and equipment: accumulated depreciation

  $37,274,546

• 10c · Land, buildings and equipment, net

  beginning of year $28,981,524 · end of year $28,464,526

• 11 · Investments: publicly traded securities

  beginning of year $19,050,089 · end of year $19,879,793

• 15 · Other assets

  beginning of year $2,914,000 · end of year $1,931,824

• 17 · Accounts payable and accrued expenses

  beginning of year $1,032,594 · end of year $885,457

• 19 · Deferred revenue

  beginning of year $3,308,915 · end of year $4,310,409

• 23 · Secured mortgages and notes payable

  beginning of year $125,312 · end of year $81,085

• 25 · Other liabilities

  beginning of year $542,832 · end of year $457,991

• 27 · Net assets without donor restrictions

  beginning of year $37,139,211 · end of year $37,225,029

• 28 · Net assets with donor restrictions

  beginning of year $13,628,667 · end of year $14,256,918

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES WEREN'T INCLUDED ON W2 SINCE CONSIDERED A DE MINIMUS FRINGE BENEFIT.